Data reveals UK net worth of £8.8tn is four times that of 1995 after massive rise in property wealth but stellar rise masks public deficit and decline in savings Britain’s obsession with property has sent the country’s net worth soaring to an estimated £8.8tn, an increase of 6% (£493bn) compared with the end of 2014.A surge in house prices in 2015 offset the UK’s decline in savings, the slow recovery of the banking sector and the government’s growing debt mountain. Continue reading…
Source : theguardian.com
Read more…ONS data shows UK wealth wedded to property















